BizTechNews

Rieder: Philly assailed over convention logistics

PHILADELPHIA — Be careful what you wish for. As part of its drive toward world city status, Philadelphia campaigned hard to win the nod to host the 2016 Democratic National Committee. The victory, along with Pope Francis’ visit to the city last year and lots of positive buzz about its emerging coolness, helped cement its growing reputation as a city on ...

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Stocks could predict who wins White House

History says a key ally of Hillary Clinton heading into Election Day could be the Wall Street bull. Donald Trump, on the other hand, might get his best endorsement from Wall Street’s dreaded bear. Here’s why: How the Standard & Poor’s 500 stock index performs in the three months before the November presidential election often determines who wins. The predictive power of ...

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Rieder: Why those DNC emails spell trouble for Clinton

PHILADELPHIA — Looks like the Democrats didn’t want the Republicans to have all the fun. Last week, the GOP put on a dysfunctional convention of epic proportions. The home state governor, a Republican no less, boycotted the affair. The nominee’s wife was caught up in a plagiarism scandal. The nominee’s chief rival was booed off the stage after he refused to endorse the nominee. Not ...

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Yahoo’s Mayer scores $139.6M for rocky run

It’s the end of Yahoo (YHOO) as we know it with Verizon (VZ) buying the Internet company for a fraction of what it once was worth.  Yet, CEO Marissa Mayer did very well for herself during her run. The chief of the fallen Internet giant was paid $139.6 million over her four years of service at the Internet company. That doesn’t even include the estimated golden parachute payment of ...

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Why lithium will see another price spike this fall

So far, lithium has been the hottest metal of 2016, beating out gold, with exponential demand expected over the coming years. Although the price trajectory of the metal has been subdued in recent months, the fundamentals behind the long-term trajectory suggest strong potential for long-term growth. Price doubling from 2014/2015 was first seen in China and is now being felt ...

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America’s factory towns stop the bleeding

As the nation nears full employment — a sort of finish line for the jobs recovery — many of the factory towns hit hardest in the Great Recession are already there. Seven of the 10 metro areas with the nation’s highest concentrations of manufacturing jobs had unemployment rates below the 4.7% national rate in May, the latest local data available, according to ...

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A $100 bonus for a new checking account can be costly

Checking accounts aren’t typically a trendy topic at backyard barbecues. But banks are building more buzz this summer by offering everything from $100 gift cards for NBA merchandise to $400 cash bonuses for opening new checking accounts. Throwing money on the table, of course, always gets people talking. But if you don’t dig deep into what’s required here, that so-called “easy money” could end up taking ...

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Italian billionaire loves American classic cars

Italian billionaire Nicola Bulgari is on a crusade to remind Americans that they build the best cars in the world and always have. That’s the motivation for the stunning collection of cars in the N.B. Center for American Automotive Heritage in Allentown, Penn., where family cars the average American could own and drive get the kind of exquisite care usually ...

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Weddings can be expensive — for the guests

Engaged couples aren’t the only ones facing big wedding bills. Guests, especially millennials, are shelling out big bucks to watch friends tie the knot. The average wedding guest expects to spend $703 per wedding this year, 5% more than last year, according to the American Express Spending & Saving Tracker. Millennial guests expect to pay even more, an average $893 per ...

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The small-biz guy with the coolest gig in the world

Q: Let me just say that while I love a good small business as much as anyone, I really hate bad small businesses. Don’t they know that if they aren’t as cheap as the big box stores that they have to be better at something? I find way too many small businesses that don’t stand out in any particular way ...

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